Monday, March 30, 2009
Sunday, March 29, 2009
Tuesday, March 24, 2009
Monday, March 23, 2009
Tuesday, March 17, 2009
Monday, March 16, 2009
Sunday, March 15, 2009
This blog is being updated mid-stream and I've been quite busy lately. Here are some current positions and their entry's.
First one is the ES... took a short at 751 Thurs. afternoon. We went as high as 758 after hours. Took a 4 point gain as the action Friday was still quite supportive of a move up. I will reshort at 767 again.
Long term, I'm looking much lower. The moves over the last several days/weeks have been classic bear; slow, painful and even apathetic with violent moves up. We did a 13% move off the bottom (665) in the S&P in 3 sessions.
In the above image, I took on this position as it appears the gaps have now been filled on the retrace. There is a bearish engulfing candle on the 23rd of Feb. (or thereabouts) and a 50% fib retracement at 767 off the 665 level.
Time will tell.